Income from immovable property: taxable in the State where the property is located, including rents and resource payments. Income of a resident from immovable property situated in the other Contracting State may be taxed in that other State; this applies to income from direct use, letting or other use, to enterprise income from immovable property and to income used for independent personal services. 'Immovable property' is determined by the law of the State where the property is located and includes accessories, agricultural livestock and equipment, rights subject to landed property law, usufruct and payments for working or the right to work natural resources; ships, boats and aircraft are excluded.